It looks at how much your asset appreciated and the fact that you can only pay tax on what remains. David you will pay a Capital Gains tax, but it will be inflationadjusted. The president says that will create a lot of jobs. Why would it . Laura economists dispute that point and say it does not do much for Economic Growth and incentivizes old investment, not new investment. In terms of the jobs and when economists model this out, it is mainly. 1 for the long run. David how does congress feel about this . Congress gets to decide about taxes. Is there support for this move at least by republicans on the hill . Laura there are some republicans that supported this. Ted cruz has been putting the Trump Administration to do this. This is not political really viable this is not politically viable in congress. You look at joe bidens tax plan, it would double the Capital Gains tax rate. The president saying he is seriously considering this. If he has the power, why doesnt he just do it . Laura i
Form of intergenerational wealth when matt we are family and you can see the rest of that story and others champions for change will air Saturday Night here at 9 00 p. M. Eastern on cnn thank you so much for joining us. Well see you were special coverage of trumps trial starting early tomorrow morning for now, seeing a news night that we fill up against the sidebyside comparison that americans desperately need. That lets tonight on newsnight good evening. Im abby phillip in new york tonight, a date for mustsee television right here on cnn june 27. That is one cnn will host President Biden and former President Trump or the first president ial debate. It is the earliest debate in the election cycle in modern history. And it marks an end run essentially around the commission that normally sets the terms and the times of these things happen. The debate echoes history. There will be no audience no opportunity for the crowd to make the venue home field for either trump or for biden and itll
Affiliate cnn if you ever miss an episode, you can listen to the show once you get your pod breaking news tonight and the trump trial, the Bruising Cross Up for the day after the defense repeatedly hammered the prosecutions star witness for his past lives, and aggressively tried to catch him in new lies. Under oath. The trump teams scoring major points and its bid to undercut cohens credibility. That includes getting cohen to admit he did not fully remember a phone call for trade as a direct link between trump and the Stormy Daniels Hush Money Deal. For the next hour, well be taking you inside the courtroom from gavel to gavel with new testimony trend transcripts, breaking down all of todays most important developments and looking ahead to whats next welcome to our viewers here in the United States and all around the world. Wolf blitzer is on assignment. Im Alex Marquardt a Special Report in the situation room, Trump Trial Today lets get right to the breaking news on a pivotal trial da
Hi, everybody. Its thursday. Its 4 00 in new york. It is also day 18 of the people of the state of new york vermont donald trump, the expresident s former Attorney Michael Cohen is just off the Witness Stand. The jury is done with their service for the day. Prosecutors and attorneys for the expresident are dealing with the all important question of what happens next. Its happening right now. A hearing over what the defenses case will look like and if they will make a case, if they have a case to present the updates from that hearing that is happening as we meet well bring them to you right away. All this is in the wake of a rather desperate and uneven attempt to undercut Michael Cohens credibility. It was to be generous, hit and miss, defense attorney todd blanche had a Second Chance at cross examining Michael Cohen after a day of rest yesterday. He moved around from topic to topic so quickly that todd blanche decided that todd should apologize to the jurors who would decide Donald Tru
Us. Former new york assistant attorney general adam pollock joins the conversation, and Criminal Defense Attorney and former manhattan prosecutor, duel role, duncan levin is still with us. I want to call you a slashy in the immortal words of zoo lander, model and actor. Michael cohen on the stand for about four hours now. Vaughn hillyard, bring us up to speed. Reporter currently the line of questioning is around the actual execution of the Nondisclosure Agreement that Michael Cohen says that donald trump was party to with Stormy Daniels and her agent and attorney Keith Davidson, in the explicit question which gets at the heart of the falsification of Business Records arguments in charges against donald trump is currently playing before the jury as we speak. The question directed by the prosecution to Michael Cohen just one minute ago was very explicit. Was this Nondisclosure Agreement for the purposes of paying Michael Cohen as a legal retainer to which Michael Cohen said no and said t